Shares of Anant Raj Ltd jumped more than 9% on September 3, marking the stock's largest single-day gain in five months and making it the top gainer on the Nifty Realty index.

Anant Raj is a Delhi-based real estate developer with a significant presence in the National Capital Region (NCR), where it has developed residential, commercial, and hospitality projects over several decades. In recent years, the company has expanded into data centres and cloud services as an additional business vertical. That pivot places it among a growing set of Indian developers and infrastructure players chasing demand for data centre capacity, which has expanded rapidly as digital services, cloud adoption, and data localisation requirements in India have grown.

The sharp rally comes after the company announced in July that its board had approved a Composite Scheme of Arrangement to separate its data centre and cloud services business from its real estate and infrastructure operations. The restructuring is aimed at creating two independently listed companies, allowing each business to be valued and managed separately.

Under the approved demerger plan, the real estate business and the data centre business would be listed as distinct entities, providing shareholders with direct ownership in both operations. The company has said the move is intended to unlock value and bring sharper operational focus to each vertical. Demergers of this kind are a common route for Indian conglomerates seeking separate valuations for businesses with different capital structures and growth profiles, as investors often value pure-play entities differently from diversified ones.

Anant Raj had also recently reported quarterly results in which profit rose 19% as EBITDA growth outpaced revenue.

More details on the board's demerger approval are available in the company's announcement on the separately listing of its real estate and data centre businesses.

The original report is available at CNBC-TV18.